Information and risk management of derivative products.

Summary In recent years, derivative products have grown exponentially. The losses realized on these markets and the risks of these products have raised the concern of regulatory bodies. The organization of these products requires the development of a risk management, management control. Risk control. After a terminological approach, we will present the characteristics of these processes. In particular, we will detail the management of market and counterparty risk. Our empirical study focuses on the risk management of derivative products. First, an analysis of the annual reports of 97 banks (American, French, German) from 1994 to 1996 aims to highlight the relevance of the information on exposure, organization, control and risk management. Secondly, the analysis of the responses of 35 banks to a 165-question questionnaire presents the solutions adopted by the banks. This study highlights national differences and recommendations in derivatives risk management.